Pembina Pipeline Corp (PPL) Given Average Rating of “Buy” by Brokerages

Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) has earned a consensus rating of “Buy” from the ten research firms that are presently covering the company, Marketbeat reports. Eight investment analysts have rated the stock with a buy recommendation. The average twelve-month price objective among analysts that have covered the stock in the last year is C$51.00.

Several analysts have recently commented on the company. CIBC raised their target price on Pembina Pipeline from C$50.00 to C$51.00 in a research note on Thursday, January 11th. National Bank Financial raised their target price on Pembina Pipeline from C$50.00 to C$51.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. TD Securities raised their price target on shares of Pembina Pipeline from C$52.00 to C$53.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Scotiabank raised their price target on shares of Pembina Pipeline from C$49.00 to C$50.00 and gave the company an “outperform” rating in a research report on Wednesday, October 4th. Finally, JPMorgan Chase & Co. raised their price target on shares of Pembina Pipeline from C$52.00 to C$53.00 in a research report on Tuesday, September 26th.

In other news, Director Bruce D. Rubin bought 5,000 shares of the company’s stock in a transaction on Friday, January 12th. The shares were purchased at an average price of C$35.37 per share, with a total value of C$176,850.00. Also, Director Henry William Sykes bought 1,000 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were purchased at an average cost of C$44.79 per share, for a total transaction of C$44,790.00. In the last ninety days, insiders purchased 8,500 shares of company stock worth $334,311.

Shares of Pembina Pipeline (TSE:PPL) traded down C$0.02 on Friday, hitting C$43.75. The stock had a trading volume of 1,118,800 shares, compared to its average volume of 975,070. The firm has a market cap of $22,010.00, a P/E ratio of 34.72 and a beta of 0.37. Pembina Pipeline has a 12 month low of C$39.04 and a 12 month high of C$46.17.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its earnings results on Thursday, November 2nd. The company reported C$0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.37 by C($0.15). Pembina Pipeline had a net margin of 10.28% and a return on equity of 6.24%.

The firm also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, January 25th will be given a $0.18 dividend. The ex-dividend date is Wednesday, January 24th. This represents a $2.16 annualized dividend and a yield of 4.94%. Pembina Pipeline’s payout ratio is 157.14%.

COPYRIGHT VIOLATION WARNING: This article was posted by American Banking News and is the property of of American Banking News. If you are reading this article on another publication, it was copied illegally and republished in violation of United States & international trademark & copyright law. The original version of this article can be viewed at https://www.americanbankingnews.com/2018/01/20/pembina-pipeline-corp-ppl-given-average-rating-of-buy-by-brokerages.html.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.

Analyst Recommendations for Pembina Pipeline (TSE:PPL)

Receive News & Ratings for Pembina Pipeline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pembina Pipeline and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply